Latest Jamie Dimon News

Wall Street feuds with Warren, much to her apparent delight

Nov. 14, 2019 4:58 PM EST

NEW YORK (AP) — Senator Elizabeth Warren’s fight with Wall Street escalated when billionaire investor Leon Cooperman called the presidential candidate’s proposal to put a new tax on the nation’s wealthiest people a plan to “penalize success” and said her ideas...

JPMorgan Chase 3Q profits up 8% but loan growth slows

Oct. 15, 2019 2:29 PM EDT

NEW YORK (AP) — JPMorgan's third-quarter profit grew 8% thanks to higher interest rates and strong performance at its investment banking business. Recent upticks in yields in the U.S. bond market have allowed banks to charge higher interest rates on their loans, particularly at JPMorgan with its large...

Wells Fargo hires New York Mellon's Scharf as its new CEO

Sep. 27, 2019 3:40 PM EDT

NEW YORK (AP) — Wells Fargo named its third CEO in as many years as it attempts to move on from a series of scandals. The bank said Friday that Charles Scharf, chief executive of the Bank of New York Mellon, will take over for C. Allen Parker, who has led Wells Fargo since March. Parker will remain in...